CapitaLand Investment Limited said on Sep, 29 2025 that CapitaLand Commercial C-REIT began trading on the Shanghai Stock Exchange, becoming China’s first retail C-REIT sponsored by an international manager.

CLCR units opened at RMB 6.84, 19.6 percent above the initial public offering price of RMB 5.718. The offering raised RMB 2.29 billion (409 million Singapore dollars) from 400 million units and carries forecast distribution yields of 4.40 percent for FY 2025 and 4.53 percent for FY 2026.

With the listing, CapitaLand Investment now holds interests in eight listed funds across Singapore, China, Malaysia and Japan, representing a combined market capitalisation of about 42 billion Singapore dollars.

The company also closed China Business Park RMB Fund IV, the first sub-fund under its 5 billion-RMB (921 million Singapore dollars) onshore master fund. The sub-fund secured RMB 529 million (95 million Singapore dollars) of equity and acquired a business park from CapitaLand Investment. A second retail-focused sub-fund targeting RMB 900 million (162 million Singapore dollars) is slated to launch in 4Q 2025.

Since 2021, CapitaLand Investment has raised RMB 54 billion (10 billion Singapore dollars) through eight onshore vehicles and has recapitalised about RMB 5 billion (901 million Singapore dollars) of assets in China year-to-date.